A comprehensive plan outlining how an organization will acquire goods and services to meet its needs efficiently.

The process of evaluating and choosing suppliers based on criteria such as cost, quality, and reliability.

Techniques and strategies used to reach mutually beneficial agreements between parties.

The identification, assessment, and prioritization of risks followed by coordinated efforts to minimize their impact.

Acquiring goods and services in a way that considers environmental and social impacts.

The series of stages involved in the procurement process, from identifying needs to contract management.

The process of overseeing and managing relationships with suppliers to ensure quality and compliance.

A strategic planning tool used to identify strengths, weaknesses, opportunities, and threats related to suppliers.

A method for evaluating suppliers by assigning weights to various selection criteria.

A structured approach outlining objectives, strategies, and tactics for conducting negotiations.

The process of analyzing potential risks to determine their likelihood and impact.

A formal document that outlines the principles and guidelines for procurement activities.

Individuals or groups with an interest in the procurement process, including suppliers and internal teams.

An in-depth analysis of a particular instance or scenario, often used to illustrate best practices or lessons learned.

Instances where procurement processes do not achieve desired outcomes, often due to poor planning or execution.

The systematic assessment of a supplier’s performance and capabilities.

Standards used to evaluate suppliers based on their environmental and social practices.

A detailed outline of how a procurement strategy will be executed, including timelines and responsibilities.

Records and reports that detail procurement activities, decisions, and outcomes.

Evaluative comments provided by colleagues to enhance the quality of work and learning.

A personal record where students reflect on their learning experiences and insights gained.

Proven methods or techniques that have consistently shown superior results in procurement.

A formal document that consolidates all elements of a procurement strategy into a coherent plan.

A comprehensive summary of the procurement strategy developed during the course, including findings and recommendations.